Australia’s sluggish, uneven housing recovery Buyer restraint, mining downturn, job fears & supply point to more of the same ahead

The current recovery in Australia’s housing markets has been slow to form and despite a quickening in early 2013 remains uneven across segments and states.

We expect more of the of the same going forward. Price expectations suggest current positive momentum is well-entrenched but ‘consumer caution’ and a reluctance on the part of buyers to stretch themselves financially will remain a major ongoing restraint. Concerns around job security remain high and although lower interest are easing pressures on existing borrowers and improving affordability for those looking to enter the market, the mining investment downturn and associated labour market weakness will continue to inhibit buyers… Read More